Senior Net Debt definition

Senior Net Debt means, at any date, Senior Debt at such date minus the aggregate amount of all cash and Cash Equivalent Investments of the Borrower and the other Restricted Subsidiaries that are subsidiaries of the Borrower (excluding any cash and Cash Equivalent Investments that are blocked or restricted so that they may not be used for general corporate purposes at such date) in excess of $10,000,000 at such date.

Senior Net Debt means Borrowers’ Debt minus cash on hand, cash equivalents, marketable securities, and Subordinated Debt.

Senior Net Debt means, as of any date, all Net Debt of the Companies which is not Subordinated Debt. d-501795.7 LOAN AGREEMENT 16

Examples of Senior Net Debt in a sentence

• For Chellomedia Programming, senior leverage refers to Senior Net Debt to Annualized EBITDA (last two quarters annualized) and total leverage refers to Total Net Debt to Annualized EBITDA (last two quarters annualized).

• The Senior Credit Facility requires the Virgin Media borrower group to maintain a Senior Net Debt Leverage ratio of no more than 4.25x and a Total Net Debt Leverage ratio of no more than 5.50x.

• The covenant requirements include a Senior Net Debt to EBITDA ratio (max.

• Total Senior Debt, Total Senior Net Debt, Total Group Debt and Total Group Net Debt includes £60.4 million lease liability.

• NEET New York shall make a good faith effort to respond to information and document requests within fifteen (15) business days of receipt of such requests.

More Definitions of Senior Net Debt

Senior Net Debt has the meaning given to it in Clause 23.1 (Financial Definitions).

Senior Net Debt means as at any particular time, the aggregate outstanding principal, capital or nominal amount outstanding (other than fixed or minimum premium payable on prepayment or redemption) under the Term Facilities, the Capex Facility, the Revolving Credit Facility and the Ancillary Facilities:

Senior Net Debt means Total Interest Bearing Debt less Cash and Cash Equivalents and Subordinated Debt.

Senior Net Debt means that portion of Total Net Debt which ranks pari passu with or in priority to the Secured Obligations.

Senior Net Debt means, at any time, without duplication, all secured Debt of the Borrower and its Subsidiaries on a consolidated basis that (in the case of any Obligor) is not expressly subordinated to the Obligations at such time, net of Unrestricted Cash to a maximum amount of CAD$25,000,000, but excluding from secured Debt any letters of credit, letters of guarantee and performance and surety bonds to the extent they are cash collateralized.

Senior Net Debt means, at any time, the sum of (i) Debt to the Lenders incurred pursuant to this Agreement minus (ii) the cash or Cash Equivalents set forth on the consolidated balance sheet of the Borrowers and the Restricted Subsidiaries determined in accordance with GAAP plus (iii) any such cash or Cash Equivalents which are subject to a priority Lien.

Senior Net Debt means, at any time, Senior Debt less Cash of the Bank Group and, on and from the Closing Date but prior to the earlier to occur of the Debt Pushdown Date and the Acquisition Facilities End Date, the Group (as defined in the Acquisition Facilities Agreement) (but without double counting).